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Deleted my comment as I wasn't sure if I'm exactly right either. The reference for calculating payroll deductions is as follows: https://www.canada.ca/content/
by glitchc 6y ago
Deleted my comment as I wasn't sure if I'm exactly right either. The reference for calculating payroll deductions is as follows:
https://www.canada.ca/content/dam/cra-arc/formspubs/pub/t4127-jul/t4127-jul-20e.pdf https://www.canada.ca/content/dam/cra-arc/formspubs/pub/t412...
Formula is a bit complicated
- senecaso 6y agoI noticed. Thanks for posting your initial response. It lead me to check how I was calculating, and I think you were right. I have addressed it now, but I'm sure this wont 100% reflect the Canadian tax calculation, but based on comparisons with other tax calculators, it seems to be coming pretty close. Where I know it will be way off is in the "additional annual income" table, as I made no effort to classify those. Everything is just considered "income" and taxed at the same federal/provincial rates.